Divine Power IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jun 25 to Jun 27 2024
Price Band
₹36 - 40
Current GMP
₹155(287.5%)
Subscription
393.67 times
IPO Details
| IPO Date | June 25, 2024 to June 27, 2024 |
| Listing Date | Tuesday, July 2, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹36 to ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 5,690,000 shares (aggregating up to ₹22.76 Cr) |
| Fresh Issue | 5,690,000 shares (aggregating up to ₹22.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,779,080 |
| Share holding post issue | 21,469,080 |
| Market Maker portion | 288,000 shares Nikunj Stock Brokers |
IPO Date
June 25, 2024 to June 27, 2024
Listing Date
Tuesday, July 2, 2024
Face Value
₹10 per share
Price Band
₹36 to ₹40 per share
Lot Size
3000 Shares
Total Issue Size
5,690,000 shares (aggregating up to ₹22.76 Cr)
Fresh Issue
5,690,000 shares (aggregating up to ₹22.76 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
15,779,080
Share holding post issue
21,469,080
Market Maker portion
288,000 shares Nikunj Stock Brokers
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 135.84 |
| Non-Institutional Buyers*** | 473.74 |
| Retail Investors | 507.94 |
| Total ** | 393.67 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
135.84
Non-Institutional Buyers***
473.74
Retail Investors
507.94
Total **
393.67
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Jun 25, 2024 | 0.06 | 16.65 | 28.26 | 17.67 |
| Day 2 Jun 26, 2024 | 0.14 | 63.18 | 104.66 | 65.75 |
| Day 3 Jun 27, 2024 | 135.84 | 473.74 | 507.94 | 393.67 |
DayDay 1
Jun 25, 2024
QIB0.06
NII*16.65
Retail28.26
Total17.67
DayDay 2
Jun 26, 2024
QIB0.14
NII*63.18
Retail104.66
Total65.75
DayDay 3
Jun 27, 2024
QIB135.84
NII*473.74
Retail507.94
Total393.67
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 02-07-2024 | 40.00 | 61(152.5%) | 101 |
| 01-07-2024 | 40.00 | 61(152.5%) | 101 |
| 30-06-2024 | 40.00 | 61(152.5%) | 101 |
| 29-06-2024 | 40.00 | 61(152.5%) | 101 |
| 28-06-2024 | 40.00 | 61(152.5%) | 101 |
| 27-06-2024 | 40.00 | 61(152.5%) | 101 |
| 26-06-2024 | 40.00 | 61(152.5%) | 101 |
| 25-06-2024 | 40.00 | 61(152.5%) | 101 |
| 24-06-2024 | 40.00 | 51(127.5%) | 91 |
| 23-06-2024 | 40.00 | 51(127.5%) | 91 |
| 22-06-2024 | 40.00 | 50(125.0%) | 90 |
| 21-06-2024 | 40.00 | 40(100.0%) | 80 |
| 20-06-2024 | 40.00 | 40(100.0%) | 80 |
| 19-06-2024 | 40.00 | 30(75.0%) | 70 |
Date02-07-2024
Price40.00
GMP61(152.5%)
Estimate List Price101
Date01-07-2024
Price40.00
GMP61(152.5%)
Estimate List Price101
Date30-06-2024
Price40.00
GMP61(152.5%)
Estimate List Price101
Date29-06-2024
Price40.00
GMP61(152.5%)
Estimate List Price101
Date28-06-2024
Price40.00
GMP61(152.5%)
Estimate List Price101
Date27-06-2024
Price40.00
GMP61(152.5%)
Estimate List Price101
Date26-06-2024
Price40.00
GMP61(152.5%)
Estimate List Price101
Date25-06-2024
Price40.00
GMP61(152.5%)
Estimate List Price101
Date24-06-2024
Price40.00
GMP51(127.5%)
Estimate List Price91
Date23-06-2024
Price40.00
GMP51(127.5%)
Estimate List Price91
Date22-06-2024
Price40.00
GMP50(125.0%)
Estimate List Price90
Date21-06-2024
Price40.00
GMP40(100.0%)
Estimate List Price80
Date20-06-2024
Price40.00
GMP40(100.0%)
Estimate List Price80
Date19-06-2024
Price40.00
GMP30(75.0%)
Estimate List Price70
IPO Important Dates
| IPO Open Date | Tuesday, June 25, 2024 |
| IPO Close Date | Thursday, June 27, 2024 |
| Basis of Allotment | Friday, June 28, 2024 |
| Initiation of Refunds | Monday, July 1, 2024 |
| Credit of Shares to Demat | Monday, July 1, 2024 |
| Listing Date | Tuesday, July 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 27, 2024 |
IPO Open Date
Tuesday, June 25, 2024
IPO Close Date
Thursday, June 27, 2024
Basis of Allotment
Friday, June 28, 2024
Initiation of Refunds
Monday, July 1, 2024
Credit of Shares to Demat
Monday, July 1, 2024
Listing Date
Tuesday, July 2, 2024
Cut-off time for UPI mandate confirmation
5 PM on June 27, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |
ApplicationRetail (Min)
Lots1
Shares3000
Amount₹120,000
ApplicationRetail (Max)
Lots1
Shares3000
Amount₹120,000
ApplicationHNI (Min)
Lots2
Shares6,000
Amount₹240,000
Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 8,889.24 | 7,253.31 | 6,276.46 |
| Revenue | 22,272.00 | 15,084.20 | 12,290.38 |
| Profit After Tax | 640.59 | 284.94 | 80.51 |
| Net Worth | 2,556.53 | 1,915.94 | 1,246.00 |
| Reserves and Surplus | 978.62 | 338.03 | 1,231.72 |
| Total Borrowing | 5,785.44 | 4,763.84 | 4,466.34 |
Period EndedPeriod Ended
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Mar 20248,889.24
31 Mar 20237,253.31
31 Mar 20226,276.46
Period EndedRevenue
31 Mar 202422,272.00
31 Mar 202315,084.20
31 Mar 202212,290.38
Period EndedProfit After Tax
31 Mar 2024640.59
31 Mar 2023284.94
31 Mar 202280.51
Period EndedNet Worth
31 Mar 20242,556.53
31 Mar 20231,915.94
31 Mar 20221,246.00
Period EndedReserves and Surplus
31 Mar 2024978.62
31 Mar 2023338.03
31 Mar 20221,231.72
Period EndedTotal Borrowing
31 Mar 20245,785.44
31 Mar 20234,763.84
31 Mar 20224,466.34
Key Performance Indicator
| ROE | 25.06% |
| ROCE | 16.25% |
| Debt/Equity | 2.26 |
| RoNW | 25.06% |
| P/BV | 2.47 |
| PAT Margin (%) | 2.88 |
| EPS (Rs) | 4.06 |
ROE
25.06%
ROCE
16.25%
Debt/Equity
2.26
RoNW
25.06%
P/BV
2.47
PAT Margin (%)
2.88
EPS (Rs)
4.06
IPO Reservation
| Anchor Investor Shares Offered | 1,620,000 (26.37%) |
| Market Maker Shares Offered | 288,000 (4.69%) |
| QIB Shares Offered | 1,217,110 (19.82%) |
| NII (HNI) Shares Offered | 905,134 (14.74%) |
| Retail Shares Offered | 2,111,978 (34.38%) |
| Total Shares Offered | 6,142,222 (100%) |
Anchor Investor Shares Offered
1,620,000 (26.37%)
Market Maker Shares Offered
288,000 (4.69%)
QIB Shares Offered
1,217,110 (19.82%)
NII (HNI) Shares Offered
905,134 (14.74%)
Retail Shares Offered
2,111,978 (34.38%)
Total Shares Offered
6,142,222 (100%)
Information about company
Incorporated in 2001, Divine Power Energy Limited manufactures Bare Copper/Aluminum Wire, Bare Copper/Aluminum Strip, Winding Copper/Aluminum Wire, and Winding Copper/Aluminum Strip. Winding wires/strips are produced by annealing and insulating wires/strips and covering them with materials like paper, cotton, fibreglass, etc.
The company has sent fiberglass-covered wires/strips to markets in Punjab, Bengaluru, and Ahmedabad. It sees potential in markets like Maharashtra.
The company primarily sells winding wires to power distribution companies and transformer manufacturers.
The company's clients include TATA Power Limited, Pashchimanchal Vidyut Vitran Nigam Limited, BSES, Madhyanchal Vidyut Vitaran Nigam Limited, Dakshinanchal Vidyut Vitran Nigam Limited, Purvanchal Vidyut Vitaran Nigam Limited, Uttarakhand Power Corporation Limited, etc.
The company's manufacturing facility is in Sahibabad, Ghaziabad. It covers a total area of 1,777 square meters. The facility can handle 300 metric tonnes of aluminum and 400 metric tonnes of copper per month.
DPEL is an ISO 9001:2015 certified by International Management Certification, a body accredited by the Global Accreditation Assessment Forum Series.
As of June 2024, the company employs a total of 40 people in various departments.
Objectives of IPO
The company intend to utilize the proceeds of the Issue to meet the following objects: -
To meet the working capital requirements of the Company; and
General Corporate Purpose
Disclaimer
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We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
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